Audio By Carbonatix
Consumer Price inflation increased to 10.6 percent in February from 10.3 percent recorded in January.
The marginal increase is being attributed mainly to an increase in fuel prices. Food inflation for February also rose to 7.2 percent from 6.8 percent the month before while non-food moved up to 12.2 percent.
According to the Ghana Statistical Service, this is a measurement of the change over time in the general price level of goods and services that households acquire for the purpose of consumption.
Acting Government Statistician, Baah Wadieh said “This should mean that the rate of increase in general price levels of goods and services went up marginally compared to that of January this year”
On the regional level, he stated: “Upper West, Brong Ahafo, Greater Accra and Ashanti Region recorded rates higher than the national average”.
Upper West recorded the highest rate of 11.7 percent followed by Brong Ahafo with 11.4. Upper East region recorded the lowest rate of 8.1 percent.
The non-food group recorded a year on year inflation of 12.2 percent, compared to the 12 percent recorded in January, whilst the food and non-alcoholic beverages group went up by 0.4 to record 7.2 percent.
This is a confirmation of an earlier report by JoyBusiness that prices of food in the country experienced an increase in the market in the first quarter of the year 2018.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Armwrestling: Golden Arms set for World Armwrestling Championship in New Delhi
27 minutes -
NPP government supported comedians more than NDC – Lekzy DeComicÂ
28 minutes -
GANRAP will build reserves to cushion Ghana against future shocks — Sammy Gyamfi
35 minutes -
Ghana Jazz Orchestra inauguration set for Sept. 5
36 minutes -
African governments must back African multinationals – Dr Ishmael Yamson
40 minutes -
WAFCON 2026: Black Queens miss out on automatic 2027 World Cup qualification
41 minutes -
No one can claim GoldBod has made a loss, not even IMF – Sammy Gyamfi
1 hour -
We are managing GoldBod with modesty and prudence — Sammy Gyamfi
1 hour -
MTN Ghana launches 2026 Sustainability Month, says “Small Actions, Big Impact”
2 hours -
BoG not pre-financing GoldBod — Sammy Gyamfi
2 hours -
GoldBod now responsible for buying and selling gold in Ghana — Sammy Gyamfi
2 hours -
GoldBod has cut gold price discount by over 10% – Sammy Gyamfi
2 hours -
GoldBod no longer buying gold for BoG — Sammy Gyamfi
2 hours -
Mahama administration boosts Ghana’s gold reserves to $13.8bn – Sammy Gyamfi
2 hours -
How do GoldBod’s assay fees compel BoG to make losses? – Sammy Gyamfi quizzes
2 hours